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2oioo��si Section 6. Date of Commencement of Monthly Assessments: Due Dated. The regular annual assessments provided herein as to all Improved Lats sha.11 cammea�ce the �'ixst day af the month fallpwing the month during which the coa�structaon of a dwe�.iug on said Lot shall be completed and a Certificate af Occupancy, if required, is issued by the appropriate governmental authority. Priox to such date, each Lot shall be deemed an Unimproved Lat. All Lots owned by the Declarant shall be Unimprovcd Lots until the first day of the month following the date residence is constructed thereon or the Lot sold to a tb�,ixd party. The Board af Directors shall fix the a�nouut of the �onthly assessment against each Lot at its annual meeting £ollowing tl�e anwual meeting of the Members of the Assaciatinn. Written notice of the az�n.ual assessment shall be sent to every Owner subject thereto. The Assaciation shall, upon demand, and for a reasonable charge, furxi.ish a certi.ficatian signed by an officer of the Association setting forth whether the assessments on a speci�ied Lot have been paid. Section'7. EffecCive Non-Paynrxent af Assessments - Rernedie$ pf the Associati_c�n. Any assessment installment wh.ich is not paid when due shall be delinquent. Tf the assessment installment is not paid vvithin thirty (30) days after the due date, the asseasment shall bear interest from the due date at the rate of l Z% per annum. The Association may bring an action at law against the Owner persanally obligated to pay tb.e sazne, or foreclose the lien against the property in accordance witl�. law. Zn either a persanal or foreclosure action, the Asso�iation shall be entitled to recover, as pact of the actian, the interest, cost and reasonable attorney's fees with respecC to the action. No Owners may .waive ar otherwise escape liability for the assessments pxovided �ax �erein by non-use of, lease, ox abandozunent of his or her Lot. The mortgagee of the subject property shall have the right to cure any delinquency of any Owner by payment of all sums due, together with interest, costs and fees. Thc Assaciation shall assign to such m.ortgagee all of its rights with respect to such lien and right of £oreclosure ta the mortgagee. Section 8. Subordi.nat'on of the Lien to the Mart�a��s. The lien of the assessments provid�d for herein shall be subordinate to the lien of any first xnortgage. Section . Exem t Pra ert . None of theProperties subj ect to this Declaration shall be exempt frorn the assess:tx�ents created herein. I:]::71Y�y�4l'I ARCHITECTUR.AL CONTROL An Architectural Control Co�nmittee shall be formed by the Owners of Lots One (1) throug]a Eight (8), Centura Hills East Fourth 5ubdivision, Lots Twa (2) through Saventeen (1'�, B1ockTwo (2) of Centuxa Hills East Subdivision, Lots Two (2) through Eight ($), Block One (1.), Centura Hills East Subdivisiaz�, and Lat Twv (2), Centura Hills East Second Subdivision, and shall consist of five (5) members. �our (4) of these member sha11 be elected by a majarity vote of the Owners of these Lots. The remaining member shall be a representative of Centura Hi.l.ls Golf Club, LLC as appoin.ted by its Board of Directors. Eacli Lot sha11 be given one vote regardless of the number of Owners of the Lot. Each Conr�ttee Membcr shall serve for a �'ive-year term. Upon the expir'ation of the term or upon the sale or othor conveya�.ice of the Comun.ittee Member's Lat, a new Member shall be elected by majority vote. � The Architectiu'al Control Comtriittee sl�all have the responsibility fvr approving conatruction and landscaping plans on tb.e Lats and tbe responsibility £or maintaianing a uni.fonn quality in canstruction and appearan.ce. In the event the Comu�ittee fail.s to approve or disapprove any design in location witivn tivrty Page 4 of 10